DAX Global X Funds Global X DAX Germany ETF

ETF 44.02 Delayed

ETF quote, holdings, sector allocation, technicals, and options analytics. Expected move IV rank history Fibonacci levels

Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.

DAX $44.02 —
Key stats
$44.02
52-Week Range
$40.35 – $47.92
YTD
-3.85%
IV Rank (30D)
65.93
Straddle Price
$2.50
P/C Vol Ratio
2.40
Open
$44.21
Day Range
$43.98 – $44.28
Volume
68,968
Prev Close
$44.51
About

Global X Funds Global X DAX Germany ETF (DAX) ETF

No description available.

Exchange
XNAS
Inception
2014-10-22
Has Options
Yes
Fund profile
holdings as of Oct 21, 2026issuer datathrough Jul 2026flows, SEC filings
International Equity Single Country#74 of 163 by assets Global X Germany Developed ex-US Index-tracking
Expense ratio
0.20%
prospectus, filed Feb 26, 2026
Assets
$215M
shares × price, Oct 21, 2026
Trailing yield
2.12%
paid semi-annual
Average daily volume
$1.1M
30 sessions
Holdings
44
top 10 are 64.7%
Listed
Oct 22, 2014
Nasdaq
Last fee change
-1 bp
filed Feb 28, 2024
Closure risk, 12 months
1.0%
low · model
Tracking difference
-0.01 pts
vs index, after fees, FY 2025
FrenzyCap ETF score
56
how it is built
Cost84
Liquidity34
Scale49
Diversification41

Moves with. US large-cap stocks (54% of its variance, beta 1.04); Developed markets ex-US over US (22% of its variance, beta 0.82). These factors explain 79% of its daily moves over the last year.

Stated objective. "The Global X DAX Germany ETF (the ""Fund"") seeks to provide investment results that closely correspond, before fees and expenses, generally to the price and yield performance of the DAX Index (the ""Underlying Index"")." (from the fund's prospectus)

All 44 holdingsFlow historySimilar fundsOverlap toolAll Single Country ETFs

Fund flows
through Jul 2026SEC filings
Jul 2026
−$15M
latest reported month
Latest 3 months
−$8.5M
−3.7% of assets
Latest 12 months
−$73M
−32.0% of assets
Aug 2025: −$4.9MSep 2025: −$19MSepOct 2025: −$19M−$19MNov 2025: $0NovDec 2025: −$31KJan 2026: −$12MJanFeb 2026: −$7.3MMar 2026: −$11MMarApr 2026: +$9.3MMay 2026: +$9.8M+$9.8MMayJun 2026: −$3.1MJul 2026: −$15MJul
View as a table
Net flows of DAX by month, Aug 2025 to Jul 2026
MonthNet flow
Jul 2026−$15M
Jun 2026−$3.1M
May 2026+$9.8M
Apr 2026+$9.3M
Mar 2026−$11M
Feb 2026−$7.3M
Jan 2026−$12M
Dec 2025−$31K
Nov 2025$0
Oct 2025−$19M
Sep 2025−$19M
Aug 2025−$4.9M

Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 84 months ago

Similar funds
FundOverlapFeeAssets1Y
FLGRFranklin FTSE Germany ETF92%0.09%$37M−1.7%compare
EWGiShares MSCI Germany ETF92%0.49%$1.5B−0.4%compare
FGMFirst Trust Germany AlphaDEX Fund32%0.80%$86M−0.7%compare
FEZState Street SPDR EURO STOXX 50 ETF29%0.29%$4.1B+4.3%compare
EZUiShare MSCI Eurozone ETF of ISHARES INC.25%0.50%$9.3B+5.1%compare

Ranked by how much of the two portfolios is the same securities.

Under the hood
fiscal year to Oct 31, 2025SEC census
Authorized participants
7 active
of 22 with agreements; top 3 did 86%
Created · redeemed
$250M · $74M
over the fiscal year
Redemptions in kind
100%
creations 98% in kind
Creation unit
10,000
shares
Securities lending
not authorized
Return vs index
-0.01 pts
after fees; +0.26 before; daily s.d. 2.19
Diversification status
Non-diversified
may concentrate in fewer issuers

From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.

ETF Profile
holdings as of 2026-10-21
Holdings
44
AUM
$212.2M
Provider
Global X
Inception
2014-10-22
Exchange
XNAS
Data As Of
2026-10-21
Expense Ratio
0.20%
Dividend Yield
2.12%
Distribution
Semi-Annual
Recent distributions
Ex-Date Pay Date Amount Type
2026-06-29 2026-07-07 $0.8567 CD
2025-12-30 2026-01-07 $0.0850 CD
2025-06-27 2025-07-07 $0.5872 CD
2024-12-30 2025-01-07 $0.0906 CD
2024-06-27 2024-07-05 $0.6565 CD
2023-12-28 2024-01-08 $0.1125 CD
Asset Allocation
Top Holdings
top 44 of 44 holdings
Symbol Name Weight % Asset Class Country
— SAP SE 11.86% Equity (Foreign) DE
— SIEMENS AG-REG 11.07% Equity (Foreign) DE
— ALLIANZ SE-REG 9.39% Equity (Foreign) DE
— AIRBUS SE 6.62% Equity (Foreign) DE
— SIEMENS ENERGY AG 6.50% Equity (Foreign) DE
— DEUTSCHE TELEKOM AG-REG 4.99% Equity (Foreign) DE
— MUENCHENER RUECKVER AG-REG 3.96% Equity (Foreign) DE
— INFINEON TECHNOLOGIES AG 3.92% Equity (Foreign) DE
— DEUTSCHE BOERSE AG 3.24% Equity (Foreign) DE
— DEUTSCHE BANK AG-REGISTERED 3.11% Equity (Foreign) DE
— DHL AG 3.10% Equity (Foreign) DE
— RHEINMETALL AG 2.70% Equity (Foreign) DE
— BASF SE 2.65% Equity (Foreign) DE
— BAYER AG-REG 2.48% Equity (Foreign) DE
— E.ON SE 2.31% Equity (Foreign) DE
— RWE AG 2.31% Equity (Foreign) DE
— MERCEDES-BENZ GROUP AG 1.67% Equity (Foreign) DE
— ADIDAS AG 1.64% Equity (Foreign) DE
— DAIMLER TRUCK HOLDING AG 1.20% Equity (Foreign) DE
— BAYERISCHE MOTOREN WERKE AG 1.08% Equity (Foreign) DE
— FRESENIUS SE & CO KGAA 1.06% Equity (Foreign) DE
— MTU AERO ENGINES AG 1.06% Equity (Foreign) DE
— HEIDELBERG MATERIALS AG 1.05% Equity (Foreign) DE
— MERCK KGAA 1.04% Equity (Foreign) DE
— HANNOVER RUECK SE 0.94% Equity (Foreign) DE
— SIEMENS HEALTHINEERS AG 0.88% Equity (Foreign) DE
— COMMERZBANK AG 0.84% Equity (Foreign) DE
— VOLKSWAGEN AG 0.81% Equity (Foreign) DE
— SYMRISE AG 0.76% Equity (Foreign) DE
— VONOVIA SE 0.69% Equity (Foreign) DE
— HENKEL AG & CO KGAA 0.67% Equity (Foreign) DE
— GEA GROUP AG 0.59% Equity (Foreign) DE
— QIAGEN N.V. 0.50% Equity (Foreign) DE
— FRESENIUS MEDICAL CARE AG 0.44% Equity (Foreign) DE
— CONTINENTAL AG 0.41% Equity (Foreign) DE
— BRENNTAG SE 0.41% Equity (Foreign) DE
— BEIERSDORF AG 0.40% Equity (Foreign) DE
— HOCHTIEF AG 0.37% Equity (Foreign) DE
— DAX MINI FUTURE DEC26 0.34% Derivative —
— ZALANDO SE 0.33% Equity (Foreign) DE
— SCOUT24 SE 0.32% Equity (Foreign) DE
— OTHER PAYABLE & RECEIVABLES 0.26% Cash/Money Market —
— EURO 0.10% Cash/Money Market —
— CASH -0.05% Cash/Money Market US
Geographic Breakdown
Chart
Seasonality
'21'22'23'24'25'26Avg
Jan-3.00%-3.51%10.57%-0.78%9.57%0.66%2.25%
Feb0.72%-9.29%-2.97%4.50%6.35%1.57%0.15%
Mar3.99%1.59%4.23%3.67%-0.18%-7.69%0.94%
Apr1.92%-7.99%2.78%-4.30%5.33%5.80%0.59%
May2.61%4.81%-5.05%5.15%6.39%2.21%2.69%
Jun-4.25%-15.04%0.65%-5.63%0.83%-4.17%-4.60%
Jul-0.56%2.48%3.00%1.53%-1.91%3.69%1.37%
Aug1.62%-6.64%-3.37%7.48%3.27%1.61%0.66%
Sep-5.81%-8.03%-5.36%4.96%2.29%-5.17%-2.85%
Oct2.70%8.77%-1.79%-2.49%-2.85%1.25%*0.93%
Nov-6.93%14.23%11.66%0.10%-0.45%--3.72%
Dec4.17%-2.99%3.07%-2.26%4.84%--1.37%
Total-3.59%-22.73%16.94%11.54%38.08%-1.06%6.53%
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators

SMA 20: $44.02
SMA 50: $45.45
SMA 200: $45.18
Current: $43.98
EMA 12: $44.06
EMA 26: $44.39
MACD: -0.3323 | Signal: 0.1268
BEARISH
ADX (14): 22.76
WEAK TREND
+DI: 30.57
−DI: 36.95

Momentum Oscillators

RSI (14): 45.17
NEUTRAL
Stoch %K: 69.04
Stoch %D: 63.70
Williams %R: -42.43

Volume & Volatility

BB Upper: $44.94
BB Lower: $43.09
NEUTRAL
OBV: 2,399,072
Vol SMA 20: 26,560
Vol ROC: 135.68%
ATR: $0.55
True Range: $0.53
HV 20: 14.9%
HV 30: 14.5%
HV 60: 13.8%

Data Summary

Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis

Click Frenzy-Pro™ for an AI analysis of this ticker.

Analysis includes technical indicators, news sentiment, risk assessment, and specific price levels to watch.

DAX Options Activity & IV Rank

DAX IV rank history, 52-week IV rank and IV percentile →

Volatility Metrics

Current IV: 23.5%
7-DTE IV: —
Expected Move: $2.50
7-DTE Move: $2.50
Days to Exp: 29 (2026-11-20)

Options Flow

Call Volume: 5
Put Volume: 12
P/C Volume: 2.4
BEARISH
Call OI: 5
Put OI: 22
P/C OI: 4.4
Total OI: 27

ATM Options Pricing

ATM Call: $1.12
ATM Put: $1.38
Call %: 2.6%
Put %: 3.1%

Chain Summary

Chain Volume: 181
Chain OI: 183
Last Updated: 10/22/2026
Spread Scanner GPU
Full Algorithm Docs ↗

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score (GPU scanner)

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Enter a ticker to scan for optimal spread opportunities.

Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.

Dealer Positioning
TYPICAL γ

Estimated net dealer gamma is at the 79th percentile of this name's own daily history, within its typical range. This describes current positioning; it is not a forecast or a trading signal.

Gamma percentile
79%
vs own history
GEX tilt
-0.10
OI-weighted, today
Vanna tilt
-0.13
δ-sensitivity to IV
Charm tilt
-0.01
δ-decay vs time

Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.

Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.

Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.

This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.

· 6 ATM contracts, 0k total OI
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d —
— pts EXTREME
No data
30 DTE / 10d —
— pts EXTREME
ATM 22.5% / Wing —

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Enter a ticker to render the implied volatility surface.

Volatility Smile

Enter a ticker to render the implied volatility smile.

IV Rank (7 DTE)
IV Rank (30 DTE)65.9MediumOct 22
Straddle Price (30 DTE)$2.50Oct 22
Beta Analysis

Risk Metrics

Beta: 1.0370
Alpha: -14.71%
Correlation: 0.7322
R-Squared: 53.6%
Stock Volatility: 18.0%
Market Volatility: 12.7%

Analysis Details

Benchmark: SPY
Data Points: 251
Period: 252 trading days
Interpretation:
Above average volatility - stock moves with market amplification
Beta & Alpha Over Time

DAX Institutional Ownership (13F)

Latest filings — 2026-09-30

Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.

  • Shares — long equity positions in this name, aggregated across share classes.
  • Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
  • % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
  • Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.

Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.

52 filers1,663,131 shares$73.44M value
# Filer Shares Value % of Total % of Float Period
1 OSBORNE PARTNERS CAPITAL MANAGEMENT, LLC 627,800 $27.73M 37.76% — 2026-06-30
2 Y.D. More Investments Ltd 168,374 $7.43M 10.12% — 2026-06-30
3 FLOW TRADERS U.S. LLC 144,428 $6.38M 8.69% — 2026-06-30
4 Federation des caisses Desjardins du Quebec Custodian 128,408 $5.67M 7.72% — 2026-06-30
5 Harel Insurance Investments & Financial Services Ltd. 84,954 $3.73M 5.07% — 2026-06-30
6 LPL Financial LLC Custodian 80,928 $3.57M 4.87% — 2026-06-30
7 Advisors Capital Management, LLC 66,428 $2.93M 4.00% — 2026-06-30
8 Bank of America Corp Custodian 37,915 $1.67M 2.28% — 2026-06-30
9 Genesee Capital Advisors, LLC 35,888 $1.59M 2.16% — 2026-06-30
10 Financial Sense Advisors, Inc. 33,402 $1.48M 2.01% — 2026-06-30
11 INSIGNEO ADVISORY SERVICES, LLC 29,444 $1.30M 1.77% — 2026-06-30
12 Royal Bank of Canada Custodian 27,170 $1.20M 1.63% — 2026-06-30
13 LEAVELL INVESTMENT MANAGEMENT, INC. 22,550 $1.01M 1.37% — 2026-06-30
14 Avestar Capital, LLC 22,726 $1.00M 1.37% — 2026-06-30
15 Nikulski Financial, Inc. 17,145 $761.42K 1.04% — 2026-06-30
16 Global View Capital Management LLC 16,402 $724.44K 0.99% — 2026-06-30
17 Jane Street Group, LLC Custodian 14,652 $647.15K 0.88% — 2026-06-30
18 Strait & Sound Wealth Management LLC 13,741 $606.91K 0.83% — 2026-06-30
19 OpenArc Corporate Advisory, LLC 12,506 $552.37K 0.75% — 2026-06-30
20 Kohmann Bosshard Financial Services, LLC 11,795 $520.97K 0.71% — 2026-06-30
21 Belvedere Trading LLC 8,005 $353.56K 0.48% — 2026-06-30
22 Parallel Advisors, LLC 7,610 $336.12K 0.46% — 2026-06-30
23 D. E. Shaw & Co., Inc. Custodian 7,006 $309.44K 0.42% — 2026-06-30
24 OSAIC HOLDINGS, INC. Custodian 7,004 $309.37K 0.42% — 2026-06-30
25 MML INVESTORS SERVICES, LLC 6,893 $304.43K 0.41% — 2026-06-30
1 filers$8.83K notional
# Filer Notional Value % of Total Period
1 Belvedere Trading LLC $8.83K 100.00% 2026-06-30
# Filer Notional Value % of Total Period
Short Interest & Float

Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.

Metric definitions
  • Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
  • SI % of Float — short interest / free float. The key crowding metric.
  • Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
  • Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
  • Free Float — shares available for public trading (total shares minus insider / restricted).
  • Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
  • SI % of Float < 5% — typical, no particular signal.
  • 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
  • 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
  • >30% — extreme; borrow is likely expensive and squeeze risk is material.
  • Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
  • Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
  • A sudden drop in SI after a rally may indicate a squeeze in progress.

Short interest is reported mid-month and end-of-month; short volume is daily.

Short Interest
33.88K
SI % of Float
0.70%
Days to Cover
1.46
Short Vol Ratio
19.4%
Free Float
—
Float %
—
Short interest 2026-09-30 • Short volume 2026-10-21
Constituent Performance

Click any bar to view the full quote for that stock.

Constituents
Symbol Name Weight % Price 1 Day 1 Week 1 Month